5. Which of the following statements is true? a. Political risk discourages international business because it increases the rate of return required to invest in foreign projects. b. ABC Co. of New York has several subsidiaries located in the Eurozone countries. These subsidiaries remit earnings to it each year. The appreciation of the euro would increase the valuation of ABC. c. The valuation of the MNC is the present value of expected cash flows. A decrease in economic risk results in a lower required return, which increases the present value of the expected future cash flows. d. All the above